From Yahoo Finance: 2024-05-31 10:22:58

OpenAI’s potential deal with Apple has sparked concerns in Microsoft over the impact on its AI market dynamics. The agreement may integrate OpenAI services into Apple products, raising worries for Microsoft’s product ambitions. In the face of Altman’s control, Apple is considering OpenAI over Google for a multi-billion dollar partnership. Tensions within OpenAI persist as Altman seeks to convert to a for-profit corporation to expand AI infrastructure and increase revenue. Microsoft, a significant investor, is wary of the deal’s implications for its own AI ambitions. Despite challenges, OpenAI’s valuation has soared to $90 billion since launching ChatGPT, with an eye on doubling revenue by 2025. Microsoft stock rose 26% in the past year, while Apple’s gained 8%. MSFT shares traded higher at $414.93, while AAPL is down at $191.03. (Words: 99)



Read more at Yahoo Finance: OpenAI’s Apple Deal Sparks Concerns In Microsoft, Could Shift AI Market Dynamics